Are you tired of the depressingly low interest rates offered by your bank's savings account? Are you looking for different ways to make your money grow? Well, I have a solution for you. The Bank of England has put back plans for an increase in interest rates for later this year, keeping the UK interest rates at 0.5%. Savings account are no longer lucrative and this emphasises the need to find alternatives. Currently, an investment of £1000 at 0.5% per annum would give you a heart-breaking £5 after one year. But what if I told you that you could receive up to £50 a month with a £1000 investment? Picture from Blogger.com Tell me how... The alternative option to a normal savings account is an Individual Savings Account (ISA). An ISA is a tax-free way of saving or investing money. The interesting part is that you can invest in stocks and shares through an ISA, and not pay any taxes on the returns you make. Sounds incredible, doesn't it? Now the question is with who ...
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